BFP EC5 Protection Plan

EC5 BFP Protection Plan is a package that bundles a 5 Pay Life, Participating Plan, with Accidental Death Benefit and Contingency Fund (CF).

This plan guarantees payment of the amount of insurance to beneficiaries in case of the insured’s natural or accidental death while the policy is in force.

Upon application, optional/supplementary benefits may be attached to EC5 BFP Protection Plan:

1. Annual Physical Exam for 5 years(for P50.00/month)

EC5 BFP Protection Plan Specifications
1. Salary deduction for a maximum of 5years
2. Level amount of coverage from issue age for life
3. Guaranteed cash values credited end of 2nd year, increasing end of each year
4. Accidental Death Benefit (ADB) Rider for issue ages up to age 51 only
5. Contingency Fund (CF) Rider – this rider enables the insured to save and maximize earnings. Contingency Fund accumulations augment guaranteed cash values of the main plan. P100.00 per month is included in an applicant’s monthly premium, for the paying period of 5 years only. An applicant may increase his CF for a Maximum of 50% of monthly premium. CF will earn a guaranteed interest of 4% compounded per year. This interest will be credited up the mandatory retirement age of 56, unless CF is with drawn earlier. The accumulated CF plus guaranteed cash values of the 5 Pay Life plan will serve as a retirement fund at age 56. Applicant should accomplish/sign 2 original copies of the CF form, submitted together with the insurance application and the “authorization to deduct” form.

1. Annual Physical Examination within 5 years
• Medical History/Physical examination
• Chest X-ray
• Urinalysis
• Fecalysis
• Complete blood count
Available in BenCare-affiliated clinics nationwide(except mall-based clinics;Can be availed of after eight(8) months of continuous payroll deduction. Transferable to one (1) immediate family member, that is, legal spouse, children, parents or siblings of the insured provided it has not been used by the Insured and the Policy is on active status.

Member’s Eligibility
-BFP Regular employees ages 18-51 yrs.old

EC5 BFP Plan Package Rider
-Accidental Death Benefit(ADB)
-Contingency Fund

Riders that can be attached
-Annual Physical Examination with an additional P50.00/month to fixed monthly premium

 BFP EC10 Protection Plan

EC10 BFP Protection Plan is a package that bundles a 10 Pay Life, Non-Participating Plan, with Accidental Death Benefit and Contingency Fund (CF) riders.

This plan guarantees payment of the amount of insurance to beneficiaries in case of the insured’s natural or accidental death while the policy is in force.

Upon application,optional/supplementary benefits may be attached to this package:
1. Annual Physical Exam,for 10 years;and/or

EC10 BFP Protection Plan Specifications

1. Salary deduction for a maximum of 10 years
2. Level amount of coverage from issue age for life
3. Guaranteed cash values credited end of 3rd year, increasing end of each year
4. Accidental Death Benefit (ADB) Rider for issue ages up to age 46 only
5. Contingency Fund(CF)Rider This rider enables the insured to save and maximize earnings. Contingency Fund accumulations augment guaranteed cash values of the main plan
P100.00 per month is included in an applicant’s monthly premium, for the paying period of 10 years only. An applicant may increase his CF for a Maximum of 50% of monthly premium. CF will earn a guaranteed interest of 4% per year up to the mandatory retirement age of 56, unless CF is withdrawn earlier. Applicant should accomplish/sign 2 original copies of the CF form, submitted together with the insurance application and the “authorization to deduct” form

Optional Benefits,available upon application:
a. Annual Physical Examination for 10 years
• Medical History/Physical examination
• Chest X-ray
• Urinalysis
• Fecalysis
• Complete blood count
Available in BenCare-affiliated clinics nationwide(except mall-based clinics;Can be availed of after eight(8) months of continuous payroll deduction. Transferable to one (1) immediate family member, that is, legal spouse, children, parents or siblings of the insured provided it has not been used by the Insured and the Policy is on active status.

Member’s Eligibility

-BFP Regular employees ages 18-46 yrs.old

EC10 BFP Plan Package Rider
-Accidental Death Benefit (ADB)
-Contingency Fund

Riders that can be attached
-Annual Physical Examination with an additional P85.00/month to fixed monthly premium